KSH: the increase in earnings has accelerated

In November, the average gross earnings amounted to 285 800 HUF, which is a 8.2 percent increased over the year, while due to changes in average net income of the personal income tax rules increased by 9.8 percent compared to the same month of the previous year – the Central Statistical Office (KSH) announced on Friday.

In October, gross average earnings increased by 5.4 percent, while the net average earnings increased by 7.0 percent.

Calculating with the 1.1 percent annual inflation rate in November, the increase in real wages amounted to 8.6 percent in November.